U.S. Department of Justice Investigates Saber Labs Founders, Ian and Dylan Macalinao

The U.S. Department of Justice (DOJ) is reportedly investigating Ian and Dylan Macalinao, the two brothers behind the Solana protocol Saber Labs. The U.S. Department of Justice is investigating the two brothers behind Solana stablecoin exchange Saber Labs, Ian and Dylan Macalinao, according to two people familiar with the matter. According to the CoinDesk report, the probe comes in the wake of a story by the news outlet in August that alleged the Macalinao brothers used a web of 11 pseudonyms.

The United States Department of Justice (DOJ) is reportedly begun an investigation into the founders of Saber Labs, Ian, and Dylan Macalinao, CoinDesk reports citing persons familiar with the situation. The investigation is focused on allegations surrounding the brothers' activities and potential misconduct related to Saber Labs.

Reports suggest that Ian forged 11 false identities and manipulated the system. The U.S. Department of Justice is investigating Ian and Dylan Macalinao, the two brothers behind the Solana protocol Saber Labs, to determine the extent of any wrongdoing.

This investigation could have significant implications for the future of Saber Labs and the broader Solana ecosystem. Stay tuned for further updates as this story develops.